3.1. EDSR 12-12-2011 - Laserfiche WebLink

Home Browse Search

Economic Development authority Minutes October ]Q, 2011 Page 2 Commissioner Zerwas stated that he is not in favor of splitting the lots as he would like the large iot utilized by one business. He added that it down'[ make sense for the EDA to split the lots and have to market the smaller parcel. PresidentTouchette indicated he appreciates CDI's presence in the community and that staff and the EDA need to find a way to make this work. He noted that if a right in, tight out turn isn't an option, the lot may need to remain unsplit but that there should still be a way to make it work fox CDI. Commissioner Motin explained he is not interested in marketing the second lot. He believes CDI should purchase the entire lot and split and market the second lot or keep the entire lot for future expansion. He added that he will not agree to a right in, right out tum off of Twin Lakes Road. Commissioner Gumphxey indicated that he is in favor of splitting the lot now because CDI should not be required to purchase more than they need Eor their expansion. Commissioner Tceite stated if the frontage road issues can be xesolaed, he would be in favor of splitting the lot and allowing CDI to purchase only the parcel they need. He noted that he would look fox CDI to cover many of the costs associated with the lot split and required infrastructure to make the second lot viable. Commissioner Westgaard explained that access off of Twin Lakes Road should be limited so access fox these lots would have to come off of Tyler Street He stated he is not opposed to a split but wants to make sure the parcel remaining after the split is a buildable, marketable piece. Commissioner Motin questioned why the sale options include $2 per square foot versus fair market value. Ms. Deckert explained that there has been discussion on whether or not the parcel is worth $2 per square foot. Consensus of the EDA was for staff to explore options, costs, and viability of splitting the lots and for staff to obtain an appraisal on the property as a whole and the split with access Eor the northern piece from Tyler. Dave Link, general contractor for CDI -indicated that CDI would be willing to work with staff to provide improved access to the second parcel. He stated that it is not Financially possible fox CDI to expand if they have to purchase the entire parcel. He added that CDI will accept reasonable costs associated with infrastructure fox the second parcel if the lots axe split. 6. Branding Undate Mx. Wilfahrt provided a branding update as outlined in his staff report. Marketing Update Mr. Wilfahrt provided a marketing update as outlined in his staff report.